How to buy an AI company?

 

"Mr. Gobronidze said he “heard” sometime last year that this new owner of the site PimEyes wanted to sell it. So he quickly set about gathering funds to make an offer, selling a seaside villa he had inherited from his grandparents and borrowing a large sum from his younger brother, Shalva Gobronidze, a software engineer at a bank. The professor would not reveal how much he had paid.

“It wasn’t as big an amount as someone might expect,” Mr. Gobronidze said.

In December, Mr. Gobronidze created a corporation, EMEARobotics, to acquire PimEyes and registered it in Dubai because of the United Arab Emirates’ low tax rate. He said he had retained most of the site’s small tech and support team, and hired a consulting firm in Belize to handle inquiries and regulatory questions.

Mr. Gobronidze has rented office space for PimEyes in a tower in downtown Tbilisi. It is still being renovated, light fixtures hanging loose from the ceiling."